USD Overview (16 April 2021)

Yesterday, USD weakened against most major currencies except EUR and CAD.

The retail sales data released yesterday indicated a strong recovery as consumers utilize the $1,400 stimulus check.

• Core Retail Sales m/m (Actual: 8.4%, Forecast: 5.1%, Previous: -2.5% revised from -2.7%)
  
• Retail Sales m/m (Actual: 9.8%, Forecast: 5.8%, Previous: -2.7% revised from -3.0%)
  

The housing data will be released later at 2030 (SGT).

• Building Permits (Forecast: 1.75M, Previous: 1.72M revised from 1.68M)
  
• Housing Starts (Forecast: 1.60M, Previous: 1.42M)
  

The preliminary UoM Consumer Sentiment data (Forecast: 88.9, Previous: 84.9 revised from 83.0) will be released later at 2200 (SGT).